The 2014 holiday season is expected to be the best for retailers in three years. Whether it was lower gas prices, confidence in the job market or egg nog-related, the Main Street consumer decided to splurge.

So if Main Street is spending money again, 2015 just may be the year that Wall Street and the rest of the 1 percent go back to doing what they love — and what the 99 percent loves to hate them for — spending money.

I hit up some of Wall Street’s favorite spending haunts and here’s what I found.

Stock markets opened lower on the first day of trading of 2015, and the credit markets that forewarned the 2007 crash are showing signs of strain

The FTSE 100 slid on the first day of trading in 2015. Here are 10 warning signs that the markets may drop further.

Vix fear gauge

For five years, investor fear of risk has been drugged into somnolence by repeated injections of quantitative easing. The lack of fear has led to a world where price and risk have become estranged. As credit conditions are tightened in the US and China, the law of unintended consequences will hold sway in 2015 as investors wake up. The Vix, the so-called “fear index” that measures volatility, spiked to 18.4 on Friday, above the average of 14.5 recorded last year.